#What is the deadline for crypto companies in France?
The Autorité des Marchés Financiers, often referred to as the AMF, has set a clear deadline for all cryptocurrency enterprises in France. By June 30, 2026, these companies must secure full MiCA authorization to continue their operations or they risk being forced to shut down.
As we approach January 2026, data reveals a concerning trend among registered digital asset service providers in France. Approximately 90 of these providers lack the necessary MiCA license. Alarmingly, only 30% have submitted applications for this authorization. Moreover, 40% have indicated they have no intention of applying, while 30% did not respond to the AMF’s outreach efforts.
#What does the future hold for European crypto regulation?
From July 1, 2026, only firms with full MiCA authorization as crypto-asset service providers (CASPs) will be permitted to operate within France. This regulatory shift is significant as it aims to ensure a standardized approach toward cryptocurrency across EU member countries.
At a recent press event, AMF President Marie-Anne Barbat-Layani made the implications of this deadline clear. Companies that fail to obtain the required license must have structured plans to wind down their operations and manage customer offboarding effectively.
#How is France evolving its crypto regulations?
Over the past year, France has been actively refining its legal framework to better align with MiCA. The country enacted Ordinance 2024-936 in October 2024, followed by Decree 2025-169 in February 2025, both of which are critical in ensuring consistency with EU regulations. Notably, any new crypto firms entering the French market have been required to obtain full MiCA authorization since December 30, 2024. The upcoming June deadline is primarily aimed at legacy operators who were previously registered under the PSAN framework.
The AMF's regulatory approach complements the guidance provided by the European Securities and Markets Authority (ESMA). This alignment promotes a consistent regulatory framework across European nations during the transitional period.
#What are the implications for investors and the market?
The current landscape presents a stark reality for the French crypto market. With 40% of registered firms indicating they will not seek licensing, and another 30% failing to respond to the AMF, it is possible that the market could witness a significant contraction, potentially losing over half its service providers by mid-2026.
However, for businesses that successfully obtain MiCA authorization, the prospects are notably favorable. A MiCA license not only permits operation in France but serves as a passport for doing business across all 27 EU member states. Firms that do not comply with these licensing requirements after the July 2026 deadline will face illegal status and severe consequences.